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Large Apartment Complex Opportunities

We feel there is an opportunity for investors to purchase large apartment complexes by offering highly leveraged financing.

We have now added property listings for large apartment complexes with asking prices above $5,000,000. These larger deals potentially qualify for the HUD 223-F loan program.

This program offers 85% LTV financing. In addition, this program will allow the seller to hold up to 7.5% of the purchase price as a second mortgage. The combined LTV can be as high as 92.5% (subject to appraisal). This program also offers fixed-rate terms for 35 years, non-recourse terms and interest rates currently in the mid 5's.

To qualify for this program the property has to be in excellent condition and have an occupancy of at least 87%.

We have researched the listings on this page and we feel most of these properties would qualify for this HUD 223-F loan program.

Updated 1/14/2011
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New Listings are labeled for the first 2 weeks

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